“In addition, LCVs are primarily used for facilitating last-mile
connectivity over a limited region or area like a city for distribution
and transportation of goods, especially in stop-and-go traffic, light
construction, and municipal applications”

This research report titled ‘Global
Automotive Radiator Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This report also includes an up to date analysis and forecasts for
various market segments and all geographical regions.

“The demand for automotive radiators directly depends on the sales of
the vehicles across all regions. APAC is expected to contribute to the
highest market volume in the global automotive radiator market followed
by the Americas and EMEA. Based on application, the passenger cars
segment is expected to account for the largest market share in the
automotive radiator market,” says Praveen Kumar, a lead analyst at
Technavio forautomotive
componentsresearch.

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challenges, trends, and more.

The market research analysis categorizes the global automotive radiator
market into three major application segments. They are:

Passenger cars

LCVs

M & HCVs

Global automotive radiator market in passenger cars segment

The passenger cars are equipped with automotive radiators. Hence, the
global sales of automotive radiators are positively correlated with the
sales of passenger vehicles. A radiator is a heat exchanger that
dissipates the heat of the hot coolant with the help of a fan. The
radiators ensure the smooth functioning of the engines by drawing out
the extra heat.

An increasing number of OEMs focus on improving engine efficiency and
output. In addition, there is a growing emphasis on reducing the
emissions from diesel engines, which has led to an increase in the
demand for more compact, thinner, and efficient radiators. As a result,
the radiator manufacturers are developing compact radiators without
compromising on the strength of these devices.

Global automotive radiator market in LCVs segment

The global increase in the sales of LCVs drives the global automotive
radiator market. There is an increase in the popularity of LCVs due to
their numerous applications. LCVs, such as minivans, are widely used for
business purposes, such as mobile canteen and intercity transportation,
which has led to an increase in the sales of these vehicles.

“In addition, LCVs are primarily used for facilitating last-mile
connectivity over a limited region or area like a city for distribution
and transportation of goods, especially in stop-and-go traffic, light
construction, and municipal applications,” says Praveen.

Global automotive radiator market in M&HCVs segment

The growing preference for transporting freight through roadways will
drive the sales of MHCVs. This increase in sales will lead to an
increase in the sales of automotive radiators. Freight companies in
countries, such as China and India, prefer roadways for transporting
freight due to the irregular freight services offered by rail, despite
rails comprising the cheapest mode of freight transport. For instance,
in 2015, the Chinese government increased its investment in road
construction by about 7% to accommodate more traffic and relieve
congestion. In India, roads are the widely chosen means for container
transport due to high railway freight, poor last-mile connectivity, and
lack of freight trains. Cross-subsidization between freight trains and
passenger trains has made rail haulage expensive.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

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